Fundraising events are the most popular way of fundraising. While they can allow your organization to make thousands or even millions of dollars, they can also be highly time-consuming, challenging, and expensive if not done correctly. The success of these events boils down to how they are planned and executed. For nonprofits, proper planning is a way in which your community will interact with you. As such, it is a good idea to prioritize your events and ensure that they are as effective as possible. To help you ensure that you get your fundraising events right, here are some major steps that you must incorporate into your event plan:

It is now over seven months since the coronavirus pandemic led to the lockdown. This has impacted the economy significantly. With the pandemic, almost every industry has been adversely affected and losses incurred due to the closure of businesses. Nonprofits are among the organizations that have been affected the most by the pandemic. The industry is filled with uncertainty and unforeseen challenges that include cancellation of events and trying to find out how to navigate the tough terrain. They are seeing donations drop, operations halted and cash reserves dwindle.

If you are a nonprofit organization looking to improve things in the future, the first thing is to ensure that you know what the future holds and devise a good strategy to address the concerns. While forecasting may not be correct always, as in the case of 2020, which remains the most challenging year for fundraisers as it is for all industries, predicting the future still has many benefits. In this article, we give tips on steps to take in preparation for 2021.